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Sage Geosystems Announces Funding for Next-generation Geothermal Power Generation Project

LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.

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Origis Energy Announces Agreement with Meta for Greyhound A Solar Project in West Texas

LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.

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Industry News

LA Follows Springfield's Lead in Dropping Coal Alternative

LCG, August 26, 2004--Earlier this month, citizens in Springfield, Missouri voted down a new, coal-fired power plant near Springfield proposed by City Utilities of Springfield to meet future electricity requirements. On August 24, Los Angeles Mayor James Hahn directed Los Angeles Department of Water and Power (LADWP) to withdraw from the expansion of the coal-fired, Intermountain Power Plant in Utah and to pursue cleaner energy sources.

LADWP is the nation's largest municipal utility. For a number of years, plans have been underway to expand LADWP's coal investments by building a third, jointly-owned, 950 MW coal plant in Utah. LADWP's share of the $2.1 billion project would be $215 million. The mayor's directive is to immediately stop pursuing the coal plant and instead evaluate cleaner alternatives.

Under the direction of the mayor, the City Council and the Board of Water and Power Commissions, LADWP is developing a Renewable Portfolio Standard (RPS) to increase its share of power generation through renewable energy sources -- such as solar, wind, geothermal and biomass -- to 13% of its energy by 2010 and 20% by 2017. Last month LADWP issued a request for proposals (RFP) for renewable energy projects. By dropping the coal project, LADWP -- like City Utilities of Springfield -- will need to develop new plans as to how to supply its future electricity requirements.

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